Bajaj Finserv shares rise 2 per cent after Q2 results
The company reported a 23 per cent year-on-year increase in consolidated net profit to Rs 2,758 crore for the July-September quarter.
Bajaj Finserv shares rose 2 per cent on Wednesday, reaching Rs 1,749 apiece, following the announcement of its second-quarter results for the July-September period of FY27, according to The Economic Times.
The company reported a 23 per cent year-on-year increase in consolidated net profit to Rs 2,758 crore. Revenue from operations grew 17 per cent year-on-year to Rs 43,416 crore, up from Rs 37,215 crore in the same quarter last year.
Within its segments, Bajaj Finance saw a 29 per cent increase in quarterly net profit, while its assets under management (AUM) rose 26 per cent year-on-year to approximately Rs 5.85 lakh crore as of September 30, 2026. Bajaj Housing Finance and Bajaj Financial Securities recorded profit after tax growth of 18 per cent and 36 per cent, respectively.
Bajaj General Insurance reported a 23 per cent year-on-year increase in net earned premium to Rs 2,947 crore. Its AUM grew about 4 per cent year-on-year to Rs 34,974 crore at the end of the quarter.
International brokerage Jefferies maintained its ‘Buy’ rating on the shares but reduced its target price from Rs 2,550 to Rs 2,300. Jefferies noted that Bajaj Finserv delivered a 25 per cent year-on-year rise in core profit, led by Bajaj Finance and Bajaj Life Insurance, though dragged by weaker trends in Bajaj General Insurance.
The brokerage trimmed core profit estimates by 1-3 per cent and cited lower multiples for insurance segments and an increased holdco discount as reasons for the target price reduction.